The recent coronavirus pandemic has brought the global economic activity to a standstill. Majority of the businesses across industries have been badly hit by the deadly impact of COVID-19 which has put our world in a recession mode. For developing economies like India, both demand and supply have been disrupted putting people in utter distress. This has compelled the governments and the administrative departments to adopt stringent measures like curbing non-essential services, sealing borders etc so that the spreads can be contained.
But the most interesting fact about writing this post is to let you know about sectors not impacted by coronavirus. From the following discussions you can get to know about businesses that are not closed but have gained prominence due to the sudden outbreak of this pandemic.
Telecom : With the increase in the number of COVID-19 cases, citizens are advised to stay indoors and follow social distancing. This has really boosted the telecom business as people got inclined in consuming data to interact and communicate via digital platforms. According to the head of equity research and telecom analyst at SBICAP securities both social distancing and work from home can boost usages of data by 10 to 15 percent in the space of mobile and home broadband in India.
Healthcare : This is one of the vital sectors not affected by COVID-19 and has still managed to grow amidst this pandemic. A tentative expenditure of 10,000 crore has been committed by Indian government so that the domestic companies can be encouraged to manufacture the required pharmaceutical ingredients for treating patients with efficiency. This can also restrict the disruption of the supply chain and prevent drug shortages. As far as the private labs in the country are concerned, the government has issued guidelines to determine the price caps for investigations along with tie-ups with the national laboratories to tackle the rise of confirmed cases.
Insurance : This is another prominent business sector which has witnessed decent growth to ensure financial security to its customers. According to the IRDA of India, the insurers have been asked to cover COVID-19 cases in their existing policies. Apart from this the service providers have also been directed to deal with coronavirus claims expeditiously. Life protection based policies are being sold in large numbers and there is less dependence on Ulips. This has resulted in balancing the product mix. According to the stalwarts of the insurance companies there might be an increase in the inquiries for health related policies as people are more inclined towards buying such services with respect to the ongoing scenario.
E-learning : Digital education or E-learning as we call it is one more addition in this list of sectors which have not been hit badly by the pandemic. In Spite of the colleges and schools remaining closed due to COVID-19 e-learning has ensured in making quality education uninterrupted for the students across the globe. With the advancements in technologies education has become more interactive than before. The e-learning platforms has been able to deliver educational content visually impressive sometimes in the form of games to engage students for long. This has not only made learning easy but has also helped students to retain the information for long. By minimising traveling and removing lack of resources, the digitization of education has facilitated students to continue their studies seamlessly. Even with individual attention from the teachers students can learn their lessons and resolve queries from their comfort zones.
Gaming Industry : Gaming or entertainment is one of the most popular business which got the maximum exposure during the ongoing COVID-19 lockdown. As the people are keeping indoors now, games have become their major source of relaxation. A popular game development company knows how to attract and engage people in their dream games by delivering tailor-made solutions even in this critical scenario. By blending creative excellence with the advanced technologies games can be made immersive to boost the adrenaline rush of both avid and casual gamers. With the rising demand for games, companies are adopting techniques that can deliver the desired services within a stipulated time period.
Hopefully this discussion can give you some information on businesses that have continued to grow and serve people with utmost ease and efficiency. If you have a business in any one of the above mentioned domains and are looking for appropriate ways to escalate your growth and productivity with technological aids, feel free to get in touch with us now.
Conclusion : Apart from being a mobile game development company we also work with all businesses across industries to enable them in boosting their efficiency and maximize revenues. The ongoing COVID-19 has not deterred us from improving our expertise and offer personalized services for those enterprises who are working to better the lives of people both in India and abroad.